newarenanow wrote:Stoosh, or anyone else, what do you mean when Rossi says he doesn't always buy what the PEns are selling.

By that they are not close to a deal. He feels that both sides are trying to stay quite, so they can make a big splash together in the announcement.

Yeah he did say that things might be super close, but that they want everything detail proof/iron clad for any announcement so that something does not blow up in their face. So that when they do make an announcement it is final and they can make a big PR splash.

newarenanow wrote:Stoosh, or anyone else, what do you mean when Rossi says he doesn't always buy what the PEns are selling.

By that they are not close to a deal. He feels that both sides are trying to stay quite, so they can make a big splash together in the announcement.

Yeah he did say that things might be super close, but that they want everything detail proof/iron clad for any announcement so that something does not blow up in their face. So that when they do make an announcement it is final and they can make a big PR splash.

I can definitley agree with that. That would be the worst if they announced it, then realized something was off and couldn't get it resolved. That would kill me more than them announcing they were moving straight up.

dboss wrote:Right, but that is Burkle. Burkle and the LGP are totally separate for legal purposes. Burkle has not earned a $$$ from this 'investment' yet so I see no need for him to just pay the fee. If Burkle were just to write a check he would want something in return, such as a higher % of ownership in the club.

he is the majority owner though....

Yes, but why would Burkle just throw $10 million away just to pay off IoC, especially when its a limited partnership, without getting something in return? That is not a smart business move and Burkle is not a stupid business man, as evidenced by his accumulated wealth.

I wonder if the strippers are disgusted by all that pizza drool on his shirt? Do they vomit after giving him a lap dance? And one last question: how many empty pizza boxes are hidden in his skin folds?

dboss wrote:Right, but that is Burkle. Burkle and the LGP are totally separate for legal purposes. Burkle has not earned a $$$ from this 'investment' yet so I see no need for him to just pay the fee. If Burkle were just to write a check he would want something in return, such as a higher % of ownership in the club.

he is the majority owner though....

Yes, but why would Burkle just throw $10 million away just to pay off IoC, especially when its a limited partnership, without getting something in return? That is not a smart business move and Burkle is not a stupid business man, as evidenced by his accumulated wealth.

i wish he was stuiped

I hear 'ya! It should would make things a lot easier and less stressful.

Stoosh wrote:Haha! Madden closes by asking if the people who follow this situation on the message boards like carp grasping for every nugget should be considered pathetic. Rossi said those people should be considered exhausted.

More specifically--grasping for every bit of good news.

Which is quite understandable given the sea of media negativity we've been engulfed in for several months, largely by the, er, "super genius" himself.....

Madden says they haven't spoken in 5 or 6 days and Fontana isn't a good source of information.

Rossi says a deal could be done today or tomorrow.

Ravenstahl says they are close, but a face-to-face meeting is needed.

Rendell says a deal isn't close and this should be done by the end of February.

Also, a middle ground on development rights and/or revenue has been reached, but the sticking point is the $10 million payment to IOC. Rendell has reportedly offered a higher payment for the St. Francis property to offset this loss.

Madden says they haven't spoken in 5 or 6 days and Fontana isn't a good source of information.

Rossi says a deal could be done today or tomorrow.

Ravenstahl says they are close, but a face-to-face meeting is needed.

Rendell says a deal isn't close and this should be done by the end of February.

Also, a middle ground on development rights and/or revenue has been reached, but the sticking point is the $10 million payment to IOC. Rendell has reportedly offered a higher payment for the St. Francis property to offset this loss.

Did I miss anything?

and mario isn't talking..

Yeah, I forgot about that. I know it wouldn't help as far as negotiating is concerned, but I would like something from the Pens.